Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Supplemental Income Trust Fund401(k)

SUPPLEMENTAL INCOME 401(K) PLAN · VALLEJO, CA · plan year 2024

Reported admin expense ratio · 2024
0.39%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees of Supplemental Income Trust Fund reported $6,929,647 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,069 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.394%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 77th-largest of 9,483 plans among California employers on file, and the 22nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 30,285 to 34,085 since 2022.

Plan summary
Net assets, end of year$1,865,457,278
Participants with balances40,848
Active participants34,085
Employer contributions$36,438,232
Employee contributions$98,718,617
Employer contribution per active participant$1,069
Average account balance$45,668
Benefits paid to participants$143,253,189
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.9B · 40,848 accts · $36.4M emplr
2023$1.7B · 39,517 accts · $35.6M emplr
2022$1.4B · 36,861 accts · $36.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,810,595
Investment management$87,218
Audit (IQPA)$44,743
Total administrative$6,929,647
The Board of Trustees of Supplemental Income Trust Fund 401(k) match · 2024
Employer contribution per active participant$1,069
Median for plans this size$5,259
2024$1,069 per active participant
2023$1,085 per active participant
2022$1,200 per active participant

Board of Trustees of Supplemental Income Trust Fund's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
JOHN HANCOCK RETIREMENT PL SERVICES · Claims processing · Recordkeeping$2,605,667
MON ROC ADMINISTRATORS, LLC · Contract administrator$2,793,642
BEESON, TAYER & BODINE · Legal$510,929
WITHUMSMITH+BROWN, PC · Accounting / audit$456,030
ALAN D. BILLER & ASSOCIATES, IN · Investment advisory (plan)$87,218
MERCER INVESTMENTS LLC · Consulting$60,000
IRON MOUNTAIN · Other services$11,862
STEPHEN HORN INSURANCE SERVICES · Insurance brokerindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,929,647 · 0.39%
2023$6,764,424 · 0.44%
2022$6,026,308 · 0.39%
Similar plansTransportation & Warehousing · California
Union Pacific Corporation NE$2.3B · 0.04%
Reyes Holdings, L.L.C. IL$2.1B · 0.09%
Xpo Cnw, Inc. OR$1.9B · 0.02%
Skywest, Inc. UT$1.7B · 0.06%
Csx Corporation FL$1.5B · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942554388 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.